3M Company (MMM) price prediction for 2022
Predicted price range for 3M Company Our trading algorithm values 3M Company (MMM) to be fairly valued. ###PLOTLYGRAPH### The red lines in this plot …
Read ArticlePredicted price range for Paramount Global Cl B
Our trading algorithm values Paramount Global Cl B (PARA) to be fairly valued.
The red lines in this plot symbolize the changepoints of the price, meaning that the trend or direction changed, either from a down to an uptrend, or the other way around.
| Name | Value |
|---|---|
| Our valuation | fairly valued |
| Current trend | downtrend |
| Buy/Sell Recommendation | Neutral |
| Current Price | $19.59 |
| 60 Day Prediction | $17.64 |
| 60 Day Pred - Lower Bound | $10.95 |
| 60 Day Pred - Upper Bound | $24.29 |
Our algorithm predicts the future trend with the linear formula (a*x + b = y):
$ price = -0.032 * nr_days_in_the_future + 18.607
Based on this information, our algorithm recommends the trading decision: Neutral. Remember that this is not investment advice, and only a statistical analysis. Do your own research.
Historic price development
PARA traded at $19.59 this Wednesday October 19th, gaining since last week.
Looking back, over the last month, PARA has been loosing $-1.28 or -6.53 percent.
Over the last year, it has been loosing $-17.92 or -91.48 percent.
Seasonality of Paramount Global Cl B
Using our AI model, we have been analyzing the value change for Paramount Global Cl B depending on the day or month of a year. This can be seen in the following graph:
